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Jul 13, 2012
07/12
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that's the kind of thing you want to the buy in an environment like this, bill. >> you sounded skeptical -- >> yes, i think we're going to hit 1325 again. i'm worried about what this scandal is going to do as we move forward over the next couple months, i don't think we're all clear yet, we have to -- >> don't chase it. >> use this to rotate into other stocks. use this as a chance to row case into coke, pepsi, and a time to rotate into better quality stocks. >> but if tech stocks have week
that's the kind of thing you want to the buy in an environment like this, bill. >> you sounded skeptical -- >> yes, i think we're going to hit 1325 again. i'm worried about what this scandal is going to do as we move forward over the next couple months, i don't think we're all clear yet, we have to -- >> don't chase it. >> use this to rotate into other stocks. use this as a chance to row case into coke, pepsi, and a time to rotate into better quality stocks. >> but...
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Aug 13, 2012
08/12
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. >> throughout my life i had a tough time with structured learning environment. and so i definitely did think strongly of dropping out of high school for a long time. we're such a small school we don't have a sports team. the robotics team is our football team. you know? we didn't have like cheerleaders rooting for us writing code but it was an amazing time. having a way to express myself outside the classroom and to build things and to learn about engineering and programming, i think it saved me from dropping out of high school in the first place. without it, i don't know where i'd be today. >> so when dylan found out that he was going to brown university, we were so excited. it was just the greatest moment. >> i'm strongly considered if i were to get the thiel fellowship to drop out. >> dylan is with us. thanks being with us. >> thank you, mandy. >> i was listening to your mom and dad and excited to drop out of brown and do the fellowship and were they a little concerned? >> they were. >> maybe a little bit of a jump. >> they were very concerned. they're super
. >> throughout my life i had a tough time with structured learning environment. and so i definitely did think strongly of dropping out of high school for a long time. we're such a small school we don't have a sports team. the robotics team is our football team. you know? we didn't have like cheerleaders rooting for us writing code but it was an amazing time. having a way to express myself outside the classroom and to build things and to learn about engineering and programming, i think it...
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Dec 5, 2012
12/12
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. >>> an environment where everyone is still terrified about the potential impact of the fiscal cliff, i want to give you stocks that you can fall back on in a declining market. many strong companies, high yields. let me introduce you to weingarten, a company i've liked since '85. owns shopping centers all over the u.s. 301 income-producing properties and 11 more in various stages of development. they have a yield, doesn't have a lot of leverage. company recently sold off the portfolio of industrial assets to become a pure play on retail, and 70% of the rent it collects comes from tenants that are effectively internet resistant. they say it in their own papers. meaning they're immunized against online competition. things like supermarkets, restaurants, personal care supervisors. 93.6% occupancy rate up 200 basis points year-over-year. very bullish guidance. let's check in with drew alexander, the president and ceo of weingarten reality investors. how are you? >> pleasure. great to be here. >> now, we obviously are all very focused on the notion that washington could get us back into a
. >>> an environment where everyone is still terrified about the potential impact of the fiscal cliff, i want to give you stocks that you can fall back on in a declining market. many strong companies, high yields. let me introduce you to weingarten, a company i've liked since '85. owns shopping centers all over the u.s. 301 income-producing properties and 11 more in various stages of development. they have a yield, doesn't have a lot of leverage. company recently sold off the portfolio...
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Apr 10, 2012
04/12
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we've established a 500 million dollar fund so independent scientists can study the gulf's wildlife and environment for ten years. thousands of environmental samples from across the gulf have been analyzed by independent labs under the direction of the us coast guard. i'm glad to report all beaches and waters are open for everyone to enjoy. and the economy is showing progress with many areas on the gulf coast having their best tourism seasons in years. i was born here, i'm still here and so is bp. we're committed to the gulf for everyone who loves it, and everyone who calls it home. [ticking] >> in this era of belt-tightening, it's kind of refreshing to take a look at people whose favorite pastime is giving money away. such a man is eli broad, a self-made billionaire who is one of the most generous philanthropists in america. along with supporting education reform, medical research, and the arts, he also wants to transform los angeles into a cultural capitol. eli broad likes to think big, but some of his critics say he can act very small. as he told morley safer in april 2011, eli broad doesn't rea
we've established a 500 million dollar fund so independent scientists can study the gulf's wildlife and environment for ten years. thousands of environmental samples from across the gulf have been analyzed by independent labs under the direction of the us coast guard. i'm glad to report all beaches and waters are open for everyone to enjoy. and the economy is showing progress with many areas on the gulf coast having their best tourism seasons in years. i was born here, i'm still here and so is...
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Jul 30, 2012
07/12
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it create as favorable environment for foreign investors to go after good quality assets. the chinese government is also getting to appreciate the need for high quality investors who are able to manage first class shopping centers and retail commercial spaces. >> just a reminder about the trade link series. every week we look how the financial crisis is affecting global trade and the impact on how you do business around the world. every monday. for more go to the website. >>> if you've been watching the olympics you might have noticed a few empty seats. despite the troubled londoners have had trying to get themselves tickets and a spoof twitter account has now been made at olympic seat is mocking the reported 12,000 empty seats reported across the venues. how do you think the olympics committee can solve this problem? let us know here on worldwide@cnbc.com. >> these are credited seats not ticketed seats but accredited seats. that's media and ioc members. >> a lot of foreign olympic -- >> last night the swimming wasn't an all credited event. it was filled to the rafters. >>
it create as favorable environment for foreign investors to go after good quality assets. the chinese government is also getting to appreciate the need for high quality investors who are able to manage first class shopping centers and retail commercial spaces. >> just a reminder about the trade link series. every week we look how the financial crisis is affecting global trade and the impact on how you do business around the world. every monday. for more go to the website. >>> if...
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Jun 6, 2012
06/12
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>> even with the extraordinarily low interest rate environment we're in right now, most of the purchases are done on 100% equity basis. so they're not taking any mortgage. they're simply looking at buildings in new york city as safety deposit boxes. >> it is amazing how much money is in the world. it's mind blowing, right? but how much? say, okay, without getting too complex into cap rates and everything, if we're getting 2% on a treasury, worried about international markets going down, u.s. stock market, maybe it will stay flat for the rest of the year, who knows, what could i get if i bought a commercial building in new york? what's the average annual rate of return somebody could expect to get? >> figure between 4% and 4%. it depends on the upside of the potential property. >> is new york city maybe the best market to invest in right now commercially, do you think? >> globally investors look at new york, washington, d.c., and san francisco as the top three. but i think new york captures most of that foreign capital. >> we have to leave it there. we could talk about it all day. great t
>> even with the extraordinarily low interest rate environment we're in right now, most of the purchases are done on 100% equity basis. so they're not taking any mortgage. they're simply looking at buildings in new york city as safety deposit boxes. >> it is amazing how much money is in the world. it's mind blowing, right? but how much? say, okay, without getting too complex into cap rates and everything, if we're getting 2% on a treasury, worried about international markets going...
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Nov 7, 2012
11/12
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so if he changes course like president clinton did in a second term, then we can see a better environment. we both know the stock market recovered because of the monetary policy that was not related to anything that the president or his administration did. that's my view. >> it is because of policies or in spite of policies? >> a lot of the states have lower unemployment rates than the national unemployment rate. that includes ohio. >> gentlemen and maria, history is on the side of free markets. history is on the side of a pro business government. america deserves that. and i think we're going to get that tonight. now if we don't get that, you guys can dunk me over the fiscal cliff tomorrow. but right now i think there is a path, okay, that the governor can get to. and larry, i hope i'm on your show next week and we're talking about the jack kemp style type of growth that we can have and the style of growth that this country deserves. that's my prediction. >> speaking as a fellow supply cider, i couldn't agree with you more. all of these wall street people who have been predicting obama's
so if he changes course like president clinton did in a second term, then we can see a better environment. we both know the stock market recovered because of the monetary policy that was not related to anything that the president or his administration did. that's my view. >> it is because of policies or in spite of policies? >> a lot of the states have lower unemployment rates than the national unemployment rate. that includes ohio. >> gentlemen and maria, history is on the...
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Mar 15, 2012
03/12
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. >> greg smith said goldman is a toxic environment, it's destructive and it hates its clients. is there a risk regulators will come swooping in to check out these charges by greg smith? is that possible? >> well, regulators are already swooping in. there's lots of rumor about impending settlements with goldman and other firms about their behavior. i don't think greg smith is alleging any illegalities. he's allege agriculture rahal shift at the firm but one that isn't necessarily illegal. >> you talk about how regulators are already in there looking at goldman. you remember when this paulsen mortgage package deal was settled, cost goldman i think $500 million. do you recall the s.e.c. and others said part of the settlement goldman had to change its california and its management. what mr. smith is saying to this letter to the "new york times" is that neither has happened. >> yeah, he certainly is. goldman did this famous internal review and promised to look more carefully at its supposed first business principle of putting its first and that may not have mattered much. >> so ther
. >> greg smith said goldman is a toxic environment, it's destructive and it hates its clients. is there a risk regulators will come swooping in to check out these charges by greg smith? is that possible? >> well, regulators are already swooping in. there's lots of rumor about impending settlements with goldman and other firms about their behavior. i don't think greg smith is alleging any illegalities. he's allege agriculture rahal shift at the firm but one that isn't necessarily...
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Jul 18, 2012
07/12
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that's not a positive environment for either bonds or equities. we assume it will turn around at some point in the next six months, but for now it's best to be on the sidelines. >> steve, we'll have more with you to come on the program. stick around. >>> our next guest says the uk faces a long road to recovery. find out why as we bring you breaking jobs data and the latest minutes from the bank of england. >>> here are the headlines. chris swiss stocks rally after they raise capital prices by 15 billion francs. >>> a cautious outlook from sml. > >>> ben bernanke heads back to capitol hill after a gloomy outlook for the u.s. economy. >>> right now we turn our attention to the uk. we'll get minute after the last meeting when the uk decided to offer it over four months and latest unemployment rate. let's bring you up to date with exactly what they've been saying this morning. you know, this takes a while to come out. july minutes. they voted 9-0 for the bank of england rate action. 7-2 for the 50 billion. dell and broad bent voted against extra qe. 7
that's not a positive environment for either bonds or equities. we assume it will turn around at some point in the next six months, but for now it's best to be on the sidelines. >> steve, we'll have more with you to come on the program. stick around. >>> our next guest says the uk faces a long road to recovery. find out why as we bring you breaking jobs data and the latest minutes from the bank of england. >>> here are the headlines. chris swiss stocks rally after they...
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Jul 17, 2012
07/12
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volatile environment. the economy is hitting a soft patch in the united states and what that will mean for long term investors is our focus right now. >> steve, what's your best call? >> i think our best call is probably not overreact a the short term information. not over retook the election coming up. we have a fiscal live. a lot of issues facing us right now. ultimately they will be resolved in a meaningful way. not overly optimistic but meaningful cogent way the fiscal cliff coming up. we're looking at a globally diversified portfolio. u.s. equities we like. we're advising our clients to look at the u.s. as a core base camp and then diversify globally. for those who have three to five year time horizon and looking into emerging markets, commodity space, globally diversified portfolio as return it becomes more difficult to find. go further afield to fine it and hang on the as much as you can. right now our call is be at policy and risk assets, don't overreact, and kind of look through the fundamentals.
volatile environment. the economy is hitting a soft patch in the united states and what that will mean for long term investors is our focus right now. >> steve, what's your best call? >> i think our best call is probably not overreact a the short term information. not over retook the election coming up. we have a fiscal live. a lot of issues facing us right now. ultimately they will be resolved in a meaningful way. not overly optimistic but meaningful cogent way the fiscal cliff...
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Apr 13, 2012
04/12
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i'm wondering how much of this what you're talking about, are the environment, are will apply pretty much across the piece for india's outsourcing sector. in other words, this is a story that will affect everybody. >> we are entering a new normal. but actually in other realities of a client base is important to note. we did have actually a different portfolio service compared with the industry. if you look at our portfolio, we get 30% of our business which will see some amount of volatility in an environment like this. one of the area of growth is the platform business, but it is a completely new business. we have a $20 billion revenue in platform the last year. but we have a 350 tcv business in platform. so our growth actually makes a big difference. but we clearly clearly believe that this is the way to build the sustainable business model. you need to have a balanced portfolio. you need to have revenue. and product revenue from the i.t. operations. but it needs to be balanced. we clearly believe that that is the way. that is the way to get the performance. >> you've got over $4 bi
i'm wondering how much of this what you're talking about, are the environment, are will apply pretty much across the piece for india's outsourcing sector. in other words, this is a story that will affect everybody. >> we are entering a new normal. but actually in other realities of a client base is important to note. we did have actually a different portfolio service compared with the industry. if you look at our portfolio, we get 30% of our business which will see some amount of...
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Apr 30, 2012
04/12
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that can't last, can it, in this environment? >> i just want to pick up on the comment about spanish banks being the main buyers of spanish debt, likewise italian banks. sure that's as positive, that's just the ltro effect. they're borrowing at 1% from the ecb and then buying spanish bonds at 5.5%. i think it's a deliberate policy to help with the long term equalization of hose banks. >> in the profitable if they bought in february or march. >> if you you got three year funding and you hold it to maturity. >> the one main fact there -- as i say, risk appetite was fairly okay friday and today, not a huge sort of market reaction to this news. does that change? >> as you said, i think a lot of what you you call news was already priced in. the bank downgrades, the gdp release, so a lot of bad news has been digested already. but clearly there's still a lot of further down side risk on the gdp side. we still didn't really know what's going to happen with the banks. and a lot will depend on decisions being taken at the european level. s
that can't last, can it, in this environment? >> i just want to pick up on the comment about spanish banks being the main buyers of spanish debt, likewise italian banks. sure that's as positive, that's just the ltro effect. they're borrowing at 1% from the ecb and then buying spanish bonds at 5.5%. i think it's a deliberate policy to help with the long term equalization of hose banks. >> in the profitable if they bought in february or march. >> if you you got three year...
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Jul 5, 2012
07/12
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they said they'll perform well and performing well on a relatively weak environment. pcs and chips are down. there's so much more to invest in so i think, you know, that's a good call as well right there. i think other places to make much better returns. >> no quarrel with that one. 2 for 2. moving on. fun, sun, surf, high-tech. southern california's new strategy to bring some of the san francisco treat, no, not rice-a-roni, high-tech, to l.a. katy perry, pardon me. also ahead, hit the floor at the new york nymex as the metals market closes shop for the day. listen to katy. >>> the gold market is closing right now and with the movement we have seen in the euro, it's been an interesting trading session in gold say the least. brian shactman is trading the action for us at the nymex. >> you have that right. i'll take the broader view and look at the stronger dollar and closing easing and a strengthening dollar against the euro and a basket of currencies is driving things for the most part today. look at the chart of gold. there was a good conversation today and said gold
they said they'll perform well and performing well on a relatively weak environment. pcs and chips are down. there's so much more to invest in so i think, you know, that's a good call as well right there. i think other places to make much better returns. >> no quarrel with that one. 2 for 2. moving on. fun, sun, surf, high-tech. southern california's new strategy to bring some of the san francisco treat, no, not rice-a-roni, high-tech, to l.a. katy perry, pardon me. also ahead, hit the...
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Dec 20, 2012
12/12
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that should be a positive environment for financial assets. financial assets, as well, being helped by the governance and the structural economic reform that are emerging by the way europe is taking more steps to fix its problems. i think we can be a bit less worried about greece next year than we can be this year, for example, as well as in spain the government is considering a variety of reform efforts. indeed, despite the exchange in governments we had this year, it's the french deposit. when we look at it in aggregate, i think the tailwinds are starting to overcome the headwinds. the headwinds are still going to be there. the fiscal one is very important. there are still going to be risks on the european side. there's still the geopolitics which, of course, we can't ignore here. but in aggregate, i think those tailwinds are starting to get more traction and that's particularly becoming true in the u.s. housing market. >> what's interesting to that point is that we're coming to a year where even some of those concern are going away. central
that should be a positive environment for financial assets. financial assets, as well, being helped by the governance and the structural economic reform that are emerging by the way europe is taking more steps to fix its problems. i think we can be a bit less worried about greece next year than we can be this year, for example, as well as in spain the government is considering a variety of reform efforts. indeed, despite the exchange in governments we had this year, it's the french deposit....
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Jul 10, 2012
07/12
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just generally speaking this environment of a slow and growing economy we're seeing china descending at some kind of a rate. if you group your broad strategies as kind of mean reversion, momentum or carry type strategy, i think we're in a carry type environment. if you can just be paid for things to kind of hang in there kind of thing i think that's still the preferred strategy rather than looking for very distressed things which may go up a lot or trends which may drive on the direction they are going. >> well get more thoughts on nick coming up on the hour. nick carn. stay with us. >>> alcoa reports a second quarter net loss as their revenues fell 10%. the aluminum maker adjusted results which was reported after the "closing bell" in the u.s. last night still managed to slightly beat forecasts. ceo says lower metal price is as a result of the global economic slow down. he expects aluminum prices to rub due to a global supply deficit later on this year. alcoa shares were roughly flat after hours in trading and in frankfurt they are pointed up a little bit this morning. >> indeed. sl
just generally speaking this environment of a slow and growing economy we're seeing china descending at some kind of a rate. if you group your broad strategies as kind of mean reversion, momentum or carry type strategy, i think we're in a carry type environment. if you can just be paid for things to kind of hang in there kind of thing i think that's still the preferred strategy rather than looking for very distressed things which may go up a lot or trends which may drive on the direction they...
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554
Apr 3, 2012
04/12
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bp findings supports independent scientists studying the gulf's environment. thousands of environmental samples have been tested and all beaches and waters are open. and the tourists are back. i was born here, i'm still here and so is bp. and on small business saturday bothey remind a nations of the benefits of shopping small. on just one day, 100 million of us joined a movement... and main street found its might again. and main street found its fight again. and we, the locals, found delight again. that's the power of all of us. that's the power of all of us. that's the membership effect of american express. >>> kevin ferry joins us from the futures pits. and i know you have thoughts about what we've been hearing from the fed. what's your read? >> i think this will be important minutes because they don't have a lot of time to hone their message between the end of april meeting and then there will be another gap before they might have to do something. so i think it's a are beingky one from a standpoint that all the information so far has been well can diswuburs
bp findings supports independent scientists studying the gulf's environment. thousands of environmental samples have been tested and all beaches and waters are open. and the tourists are back. i was born here, i'm still here and so is bp. and on small business saturday bothey remind a nations of the benefits of shopping small. on just one day, 100 million of us joined a movement... and main street found its might again. and main street found its fight again. and we, the locals, found delight...
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Oct 8, 2012
10/12
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they were asked what their views are on the current operating environment. joining us with more, chief economist at deloitte. good to see you. i suppose we had a record second quarter of declines. >> confidence went through the floor back in june on the result of what's going on in the euro area. you've seen a bit of a bounce. risk appetite up is bit so i think cfos are looking at the same things the equity markets are looking at, qe-3 in the states, ecb bond buying. but the interesting thing is the underlying stock support is getting rather more defensive, they're more focused on cash. if respect. >> so what can he can to in terms of laying confidence?f re >> so what can he can to in terms of laying confidence?espe >> so what can he can to in terms of laying confidence?ct. >> so what can he can to in terms of laying confidence?. >> so what can he can to in terms of laying confidence? >> so what can he can to in terms of laying confidence? >> a lot of concerns relate to things outside the uk, in particular the weakness of the euro area, uncertainty. so there
they were asked what their views are on the current operating environment. joining us with more, chief economist at deloitte. good to see you. i suppose we had a record second quarter of declines. >> confidence went through the floor back in june on the result of what's going on in the euro area. you've seen a bit of a bounce. risk appetite up is bit so i think cfos are looking at the same things the equity markets are looking at, qe-3 in the states, ecb bond buying. but the interesting...
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Aug 30, 2012
08/12
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if they haven't hired anybody over the last two or three years in this environment, who's to say they're going to hire people now? i think it's a structural job change. what do you think? >> well, you know, this is one of the big dilemmas that the fed faces. we talk so much about this bond buying program they do. if you talk to analysts, to some of the economists who are here, they get very little bang for their buck from these things. a $500 billion bond buying program might bring down the unemployment rate by one-tenth of 1%. that's a real problem for them. it's why one of the things i'm looking for at this meeting is whether they talk more about whether they could be signaling their conviction differently in a way that gets the economy going. i think at the end of the day, from their perspective, is 0.1% better than nothing in a context where -- i wrote about this earlier this week. i don't think they think the cost of doing more is very great at this point. that's something that bernanke seemed to be pointing to in his letter to darrell issa that came out. >> john, we know you're bus
if they haven't hired anybody over the last two or three years in this environment, who's to say they're going to hire people now? i think it's a structural job change. what do you think? >> well, you know, this is one of the big dilemmas that the fed faces. we talk so much about this bond buying program they do. if you talk to analysts, to some of the economists who are here, they get very little bang for their buck from these things. a $500 billion bond buying program might bring down...
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Aug 15, 2012
08/12
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it's a cautionary environment coming out of asia this morning. the hang seng had its worst day since late july, closing down 1.2% and that's followed through into futures action. the dow jones is implied to opener by six points and one or two for s&p. not a huge side to the downside but not a supportive risk environment overnight. >> european stocks meanwhile are weaker as well. just down about 0.3%. euro stocks up near four of my month highs. >>> moving on, the old gray leader has a new leader, "new york times" is turning to former bbc director mark thompson ening an eight-month search. he announced in march he was leaving bbc after the olympics. he'll start at the times in november. new york times in frankfurt up. i have to say, this a fascinating point. by and large -- i mean, the bbc starts have year, knows exactly what its revenue is. their job is to work out where they spend it. "the new york times" -- >> doesn't have that luxury. >> in a tough market business. it's -- it's an interesting choice. >> it's going to be a tough job. in any case
it's a cautionary environment coming out of asia this morning. the hang seng had its worst day since late july, closing down 1.2% and that's followed through into futures action. the dow jones is implied to opener by six points and one or two for s&p. not a huge side to the downside but not a supportive risk environment overnight. >> european stocks meanwhile are weaker as well. just down about 0.3%. euro stocks up near four of my month highs. >>> moving on, the old gray...
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May 24, 2012
05/12
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and the question for me is it the right environment to invest in europe. i agree it that the degree value vags has come down, but the question is for how long will the crisis stay with us. as long as we do not get to joint funding in europe, the problem of the eurozone is not going away. so that means it could stay with us for another year. >> ands as you saw, there was not a lot of investment into bonds. the sovereign risk is perceived as very strong. but our firm it's job is as to pick which are the fundamental companies doing very well. >> and they want to invest in companies that have part of the china economic chain or are they trying to invest in companies that have no exposure? you mentioned autos are strong because they're setting a lot of cars in china. are they interested if getting into those kind of supply chains or are they trying to get into companies totally not correlated to what happens? >> when you gar to ti compare t the japanese, there were a lot of trophy deals. you see something totally different with the chinese. the chinese are tryi
and the question for me is it the right environment to invest in europe. i agree it that the degree value vags has come down, but the question is for how long will the crisis stay with us. as long as we do not get to joint funding in europe, the problem of the eurozone is not going away. so that means it could stay with us for another year. >> ands as you saw, there was not a lot of investment into bonds. the sovereign risk is perceived as very strong. but our firm it's job is as to pick...
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Feb 16, 2012
02/12
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pro-growth agenda that allows the manufacturers and small businesses to compete in an ever more global environment and these policies is what the president advocates for is killing the country. think where we would be if we have policies that encourage businesses to expand and grow. >> all right. i have to leave it there. i have to leave it there. we have a disagreement. >> it is upon hadding your district. >> that's why it's bouncing back. >> my longtime congresswoman, it's great to see you on the show. sean duffy, it's great to see you back on the show. let's turn to the senate side. democratic leaders say they're making progress on a pending highway bill. our next guest says it's just another xafrmel of washington's addiction to spending and he calls it another rotten highway bill and there's the op ed piece and senator jim demint. one of the points you make in your op ed piece you make, the highway trust fund is basically bankrupt. so i was reading that and i was saying why not? everything is bankrupt. spending is bankrupt. the deficits are bankrupt and the entitlements are bankrupt. why shoul
pro-growth agenda that allows the manufacturers and small businesses to compete in an ever more global environment and these policies is what the president advocates for is killing the country. think where we would be if we have policies that encourage businesses to expand and grow. >> all right. i have to leave it there. i have to leave it there. we have a disagreement. >> it is upon hadding your district. >> that's why it's bouncing back. >> my longtime congresswoman,...
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Nov 14, 2012
11/12
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especially the thing about the ip spending environment, it's a tough spending environment. security is one of the few sub sectors that's holding up well and that's kind of a glimmer of hope in a tough macro. >> i presume they'd have to pony up, though. daniel, good to see you. thank you for joining us. >> looking for silver lining amid the cyber security storm clouds. >> one story to leave you with, in queensland in australia, earlier this morning they got a full solar eclipse, completely blocked out the sun at 6:39 local time. we might just see it before we go. >> wow. it's amazing. >> there we go. we've got it. >> and on that lunar shot, kelly and i will say goodbye. "squawk box" is up next. >> we'll see you back here tomorrow. >>> the looming fiscal cliff. some of the nation's best-known ceos are headed to the white house today to meet the with the president. >>> on the economic agenda, key reads on the consumer and inflation and that happens before the bell. in corporate news, cisco's first quarter results beat the street, but ceo john chambers cautions of flat earnings
especially the thing about the ip spending environment, it's a tough spending environment. security is one of the few sub sectors that's holding up well and that's kind of a glimmer of hope in a tough macro. >> i presume they'd have to pony up, though. daniel, good to see you. thank you for joining us. >> looking for silver lining amid the cyber security storm clouds. >> one story to leave you with, in queensland in australia, earlier this morning they got a full solar...
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Jul 20, 2012
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now, that might be a more challenging environment for the dollar in the second half of the year. it's going to be harder for the dollar to get significant upside. and again, we think that the focus should be away from euro/dollar and sterling/dollar and dollar/yen and to the dollar emerging markets, the dollar uuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu t 1200 people are being taken to three local hospitals in the region. there are pictures already, of course, on twitter and the internet showing some of the crowds outside the theater. one person is in police custody. and there was no confirmation just yet as to whether others were involved. again, this was -- this comes, if you look at some of the local reporting ahead of the premiere, you can tell that people were already talking about the crowds that were expected. so again, we're hearing reports that between 20 and 30 people injured, 10 potentially 12 according to some reports killed in shooting in denver following the premiere of "the dark knight" movie there. >> pretty awful story. unclear on the details whether we have a gunman or exp
now, that might be a more challenging environment for the dollar in the second half of the year. it's going to be harder for the dollar to get significant upside. and again, we think that the focus should be away from euro/dollar and sterling/dollar and dollar/yen and to the dollar emerging markets, the dollar uuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu t 1200 people are being taken to three local hospitals in the region. there are pictures already, of course, on twitter and the internet showing some of...
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Jun 6, 2012
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>> leaks have always been part of the environment here in washington. and many times they've served useful purpose, exposing corruption, misbehavior. we all know that every administration wants to overclassify things so that they don't have to have embarrassing information out there in the public arena. but this is really serious stuff. and by the way, you know, for example, the bin laden operation, they leaked the name of s.e.a.l. team 6, all kinds of information including this doctor who has just been sentenced to basically a death sentence in pakistan, 33-year sentence. his name never should have been made public. and now we're talking about two of the most serious national security challenges that we have, the drones and the cyber situation as far as the iranian nuclear situation is concerned. both of those details have been revealed which had no business being in the public arena, can only alert our adversaries and give them a greater ability to counter what we are trying to do. i think it's really, really harmful. and i hope that we in the armed s
>> leaks have always been part of the environment here in washington. and many times they've served useful purpose, exposing corruption, misbehavior. we all know that every administration wants to overclassify things so that they don't have to have embarrassing information out there in the public arena. but this is really serious stuff. and by the way, you know, for example, the bin laden operation, they leaked the name of s.e.a.l. team 6, all kinds of information including this doctor...
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Mar 8, 2012
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so it's going to be harder for some global exporters in that environment, ones producing commodities. demand growth from china is likely to be slowing in this situation. so it's important that other countries where they have room can generate demand and, by the way, germany should be in a position to be cutting taxes. it should really cut taxes significantly next year to boost consumes. they have to make up for the weakness elsewhere in europe and for somebody like brazil and other countries, they have to be cutting rates. we shouldn't be surprise d to se this. in a way it's a good thing. it reminds us that there is actually more easing out there in the global economy. >> christine? >> more julian later. up next on "worldwide exchange," we it continue to delve into the issues of japan a year after one of the worst nuclear disasters. the country is forced to reconsider its energy policy. a look at what's next for the power sector. >>> plus, a view of what's going on in africa and africa's financial center joined first on cnbc by the ceo of africa's largest bank, jac can ko maree. where
so it's going to be harder for some global exporters in that environment, ones producing commodities. demand growth from china is likely to be slowing in this situation. so it's important that other countries where they have room can generate demand and, by the way, germany should be in a position to be cutting taxes. it should really cut taxes significantly next year to boost consumes. they have to make up for the weakness elsewhere in europe and for somebody like brazil and other countries,...
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Jun 6, 2012
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how bold it will be and specific it will be in the putrid environment in washington, where anybody that expresses a creative thought is pummeled by the opposition on both sides, may suppress some of that. but i think he understand that. and i know he understand it. >> all right. let's go on. you just testified before the house budget committee, and i want to stay with the theme. the cbo just put out an incredible report on the debt bomb that paul ryan has been talking about. debt to gdp 77% now. and 90% in ten years and high as 250%. you acknowledge that compromises will have to be made. in fact, you said if there was a compromise, hypothetically of $10 of spending cuts for $1 of revenue increase, what the republican candidates wouldn't agree to during the primaries, would you take that deal. first, will compromise be necessary to save america? >> it will, unless you have total domination of one party over another, which i don't anticipate happening any time soon. this isn't a political problem this say question of the united states is going to be in its ascendency or abject decline. we
how bold it will be and specific it will be in the putrid environment in washington, where anybody that expresses a creative thought is pummeled by the opposition on both sides, may suppress some of that. but i think he understand that. and i know he understand it. >> all right. let's go on. you just testified before the house budget committee, and i want to stay with the theme. the cbo just put out an incredible report on the debt bomb that paul ryan has been talking about. debt to gdp...
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Feb 3, 2012
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the funding environment, raising capital environment is looking good. of course they have to pay a hefty premium in terms of the actual interest. however, important is they have about 6 billion euros worth of capital requirements for 2012 alone and if the sentiment is good that makes it easier to close that gap, the financial gap. >> patricia, thanks for that. julian, was the eba forcing the banks to raise capital a good idea or a bad one bearing in mind the time scale and what it's done in terms of making credit companies worse as banks sort of scale back their balance sheets? >> that's a difficult one really because something had to be done here and i think at least what the eba did, it did focus minds on the issue and to be fair the eba has published a lot of information. so everybody is much more aware of the situation than earlier on. perhaps the timing could have been a little bit more staggered here. of course what the eba said is you have to reach these ratios but then the banks started sending out a lot of signals they're going to do so by cutt
the funding environment, raising capital environment is looking good. of course they have to pay a hefty premium in terms of the actual interest. however, important is they have about 6 billion euros worth of capital requirements for 2012 alone and if the sentiment is good that makes it easier to close that gap, the financial gap. >> patricia, thanks for that. julian, was the eba forcing the banks to raise capital a good idea or a bad one bearing in mind the time scale and what it's done...
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Aug 2, 2012
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so challenging environment. very strong results, and as you can see a very nice position in terms of being able to achieve this new -- this new regulation. >> on bnp paribas, also improved its capital position in the second quarter of this year. core capital ratio at 8.9% under basil 3, which means that the bank nearly reached the 2013 target six months ahead of schedule. it's trading up higher. over it to you. >> thank you for that. >> still to come on the show, we head out to madrid. that and much more on the spanish auction results and the future for that country next. [ female announcer ] e-trade was founded on the simple belief that bringing you better technology helps make you a better investor. with our revolutionary e-trade 360 dashboard you see exactly where your money is and what it's doing live. our e-trade pro platform offers powerful functionality that's still so usable you'll actually use it. and our mobile apps are the ultimate in wherever whenever investing. no matter what kind of investor you ar
so challenging environment. very strong results, and as you can see a very nice position in terms of being able to achieve this new -- this new regulation. >> on bnp paribas, also improved its capital position in the second quarter of this year. core capital ratio at 8.9% under basil 3, which means that the bank nearly reached the 2013 target six months ahead of schedule. it's trading up higher. over it to you. >> thank you for that. >> still to come on the show, we head out...
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Aug 13, 2012
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long-term, bp's made a five hundred million dollar commitment to support scientists studying the environment. and the gulf is open for business - the beaches are beautiful, the seafood is delicious. last year, many areas even reported record tourism seasons. the progress continues... but that doesn't mean our job is done. we're still committed to seeing this through. as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios [ male announcer ] aggressive styling. a more fuel-efficient turbocharged engine. and a completely redesigned interior. the 2012 c-class with over 2,000 refinements. it's amazing...inside and out. ♪ join mercedes-benz usa on facebook for the best summer sweepstakes. >>> welcome back to "the kudlow report." tonight we are still talking about mitt romney's bold progrowth vice presidential pick paul ryan. i myself think it's a game-changer. now i want to take the negative side of the story. the dark side. joining us, national cochair of the romney campaign, former minnesota governor tim pawlenty. as always, great t
long-term, bp's made a five hundred million dollar commitment to support scientists studying the environment. and the gulf is open for business - the beaches are beautiful, the seafood is delicious. last year, many areas even reported record tourism seasons. the progress continues... but that doesn't mean our job is done. we're still committed to seeing this through. as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios [ male...
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Jul 6, 2012
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i don't necessarily think it's a frothy ipo environment. i think you know, companies like reliance are very, very interesting for people, but you'll see some, say malaysian or hong kong or chinese companies go public that aren't necessarily desirable, and as you said, they're going to be priced at the low end of their margin. so i think it really all depends what the company is and you have to very much be a stock-picker. >> tony, how much momentum has gone to asia, malaysia specifically, and is that just a quirk this year or a longer term trend? >> i think it's, you know, i think it's a temporary thing. i think there is a lot of renewed investor interest in malaysia. i think despite kind of a lot of the negative sentiment on malaysia, there have been real efforts there to combat corruption and build political institutions, so we have, you know, we have an election coming up there in a couple months time, and it will be interesting to watch whether or not you get another crack at it. so, but i think from the corporate side, yes, you've seen
i don't necessarily think it's a frothy ipo environment. i think you know, companies like reliance are very, very interesting for people, but you'll see some, say malaysian or hong kong or chinese companies go public that aren't necessarily desirable, and as you said, they're going to be priced at the low end of their margin. so i think it really all depends what the company is and you have to very much be a stock-picker. >> tony, how much momentum has gone to asia, malaysia specifically,...
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Mar 30, 2012
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how do you do it in this sort of regulatory environment? if you're really concerned about the debt, you don't stack a command and control economy on top of it. >>a lot of republicans wand to retake the white house repeal obamacare and it was still going to be a tough road to hoe at that point. you'd need 60 votes and a different president. here they'd get what they wanted all along and now what are they worried about? that's what they wanted in the first place, that's why they wanted to get rid of it in the first place. >> when you look what the this administration has done and you step back and move away from the personalities of we may personally like the president but let's look at the policy, whether it be the way dodd-frank is being implemented, mlrw policies, go up and down the food chain policy wise there,'s a lot to be worried. >> there's a michael bloomberg op-ed. he said the democrats, the president planes is a economic strategy. that's on your side. he said the republican candidates have unveiled plans that are just as divorced f
how do you do it in this sort of regulatory environment? if you're really concerned about the debt, you don't stack a command and control economy on top of it. >>a lot of republicans wand to retake the white house repeal obamacare and it was still going to be a tough road to hoe at that point. you'd need 60 votes and a different president. here they'd get what they wanted all along and now what are they worried about? that's what they wanted in the first place, that's why they wanted to...
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Sep 20, 2012
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that's the next generation of connecting with your customer in this realtime environment. >> i see g.e. speaking. coca-cola speaking. there are 90,000 people out there. what good does it do for ge and coke? aren't they just getting more business for salesforce? >> we're building products with general electric, jim. you may know the next generation of gen-x engines are built integrated into salesforce chatter. they're able to collaborate between the engine and the g-engineer as well as the customer engineer. by creating that triangle, the engine, the customer engineer and the customer, they're able to collaborate in a whole new way that gives g.e. the ability in realtime to know exactly what is going on with their products and their customers, and give them a complete institutional memory around that engine. >> yeah, but if i'm a competitor of g.e., g.e. just gave up one of its secret sauces. >> well, what you see, jim, that the opportunity today is to do exactly that, to build these connected products. you mentioned coca-cola. they have their brand-new machine here who builds custom co
that's the next generation of connecting with your customer in this realtime environment. >> i see g.e. speaking. coca-cola speaking. there are 90,000 people out there. what good does it do for ge and coke? aren't they just getting more business for salesforce? >> we're building products with general electric, jim. you may know the next generation of gen-x engines are built integrated into salesforce chatter. they're able to collaborate between the engine and the g-engineer as well...
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Jun 18, 2012
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charged environment. >> if you think markets are tough to forecast try forecasting politics. u.s. fiscal cliff will be resolved in a fairly responsible way and you got what's happening in europe. time horizon is very critical. if you're shorter term, higher twist portfolio, if you're a trader things become different. as you move 12, 18 months out look at this as probably an opportunity in a globally balanced portfolio. globally diversified multistrategies which can subordinate this volatility. pick better stocks. looking in great companies in europe. well run companies in the united states. global bond portfolios looking at great corporations. you got to beat inflation and what you're looking at in bonds in the united states will not do that. so you got to look at your discipline, strategic allocation and buy earth securities if you have a longer time horizon. >> all right. thank you very much. >> let's take a quick look on what's on the agenda in the united states. >> today we get the national association of home builders. tomorrow may housing starts. on wednesday decision d
charged environment. >> if you think markets are tough to forecast try forecasting politics. u.s. fiscal cliff will be resolved in a fairly responsible way and you got what's happening in europe. time horizon is very critical. if you're shorter term, higher twist portfolio, if you're a trader things become different. as you move 12, 18 months out look at this as probably an opportunity in a globally balanced portfolio. globally diversified multistrategies which can subordinate this...
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Aug 13, 2012
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the question is what environment helps them grow and move them along quicker. certainly in 1996 when i started, i really had the tailwind behind me. it was the height of the dot-comera, corporations were moving away from the mainframe, on to the unix environment and i.t. at an all-time high in terms of resources. that trend continues a little bit today. i.t. resources are in -- i.t. unemployment is about half of our general unemployment and will continue to grow. >> you wouldn't say that government head winds are the -- you said would help in '96 you had the dot-comtailwind behind you. >> absolutely. >> is it harder because of tax policy, regulations or obama care or any of those things? >> there's no question every single thing you talked about played a role, access to camel ta, the softening of the economy, the regulation, the taxation, all that is a challenge for all entrepreneurs. >> temporary workers, that's been a boon for your business in many ways. >> um-hum. >> some people would argue the reason that there has been so much push towards temporary worker
the question is what environment helps them grow and move them along quicker. certainly in 1996 when i started, i really had the tailwind behind me. it was the height of the dot-comera, corporations were moving away from the mainframe, on to the unix environment and i.t. at an all-time high in terms of resources. that trend continues a little bit today. i.t. resources are in -- i.t. unemployment is about half of our general unemployment and will continue to grow. >> you wouldn't say that...
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Sep 17, 2012
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and of course the global environment has improved in the last couple weeks, as well, with the ecb action, the fed's qe-3 and chinese stimulus, as well. >> we'll come on to that. just wonder whether these reforms in india are going to receive the necessary parliamentary approval first. >> unfortunately, i think that's going to be a very difficult struggle. there's already been quite a lot of dissent ebb within the ruling coalition government about the diesel fuel hikes. and also i think on the reform of fdi into the retail sector, that's another very contentious issue. and i think the government may well face considerable opposition within it own ranks within it coalition minority member parties as well as from the opposition. so there is going to be a difficult struggle. and i think that's really going to test the government majority in the parliament. >> okay. we'll leave it there for the time being. moving on to china where japanese run factories and schools are temporarily shutting down following escalation of protests. police used tear gas and water cannons to where he up demonstrato
and of course the global environment has improved in the last couple weeks, as well, with the ecb action, the fed's qe-3 and chinese stimulus, as well. >> we'll come on to that. just wonder whether these reforms in india are going to receive the necessary parliamentary approval first. >> unfortunately, i think that's going to be a very difficult struggle. there's already been quite a lot of dissent ebb within the ruling coalition government about the diesel fuel hikes. and also i...
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Mar 7, 2012
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we've established a 500 million dollar fund so independent scientists can study the gulf's wildlife and environment for ten years. thousands of environmental samples from across the gulf have been analyzed by independent labs under the direction of the us coast guard. i'm glad to report all beaches and waters are open for everyone to enjoy. and the economy is showing progress with many areas on the gulf coast having their best tourism seasons in years. i was born here, i'm still here and so is bp. we're committed to the gulf for everyone who loves it, and everyone who calls it home. >>> welcome back to cnbc special coverage. let's bridge in jake sea ward, former counsel to obama treasury secretary timothy geithner. jake let me ask you this. we've got a race where rick santorum has won two victories tonight. republican race is going to go on. we saw from our nbc "wall street journal" poll earlier this week it's hurt the republican party, hurt mitt romney. how much of a benefit is it to obama that this has been prolonged. >> it's great for the obama administration because it contrasts ideas with the
we've established a 500 million dollar fund so independent scientists can study the gulf's wildlife and environment for ten years. thousands of environmental samples from across the gulf have been analyzed by independent labs under the direction of the us coast guard. i'm glad to report all beaches and waters are open for everyone to enjoy. and the economy is showing progress with many areas on the gulf coast having their best tourism seasons in years. i was born here, i'm still here and so is...
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Sep 21, 2012
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they've been -- the good news is if you were to rack and stack the threat environment, they're not up there with russia or china. bad news, however, is what they lack in capability they more than make up for in intent. and they've basically been cyber saber rattling. they've gone so far as saying they're going to break teeth if they continue to see cyber attacks in their own country. >> talk to me about the implications of this. it appears as though from what i've been able to read that the united states is not as prepared as it should be for this type of cyber attack. >> we're not anywhere where we need to be in terms of a country with respect to preparedness and ultimately in response. the head of cyber command, general keith alexander, i think put it best when asked to evaluate one to ten where the u.s. capability is. he put it at a three. obviously this is not a very good position to be in, especially when you have a number of actors out there. china and russia are very active in terms of computer network exploit. that's espionage in cyberspace. they're increasingly integrating cy
they've been -- the good news is if you were to rack and stack the threat environment, they're not up there with russia or china. bad news, however, is what they lack in capability they more than make up for in intent. and they've basically been cyber saber rattling. they've gone so far as saying they're going to break teeth if they continue to see cyber attacks in their own country. >> talk to me about the implications of this. it appears as though from what i've been able to read that...
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Jul 4, 2012
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in this environment we're not going to see much in the way of metal price moves. we've had a nice bump off the bottom. courtesy of the developments in brussels on friday. but i think that rally has just about run out of steam, and the sentiment is now going to turn back to being on the bearish side. and so say show me the growth. >> so oil, let's talk about where oil is going. you expect us to be back for brent 90 to $95. on the fundamentals. but we should expect to see some trading spikes. what causes those spikes and how high do you think the spikes could go? >> well, i do think we're going to see a bit of a retrenchment in brent over the next few days. a good 13% bounce off the lows from last week. that rally is probably petered out and i expect to see a retrenchment back to the 90 to $95 range. there has been a bit of a kick as well from increasing tensions with iran as the sanctions kick in on july 1. but i don't really see that impacting the supply demand fundamentals of oil in the long term. certainly, though, there will be an era of saber rattling and oppo
in this environment we're not going to see much in the way of metal price moves. we've had a nice bump off the bottom. courtesy of the developments in brussels on friday. but i think that rally has just about run out of steam, and the sentiment is now going to turn back to being on the bearish side. and so say show me the growth. >> so oil, let's talk about where oil is going. you expect us to be back for brent 90 to $95. on the fundamentals. but we should expect to see some trading...
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Jun 20, 2012
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>> i think in this environment the dollar is pretty well supported. i think as the fed takes action and as the economy takes traction through the year, we'll see some support fade and the dollar should fade. it's interesting, you're talking to the brazilian central bank. it was brazil that accused the fed of engaging in wars with quantitative easing. what we've seen in the foreign exchange market suggests that tension, that pressure has eased on the fed. they're not likely to get the kind of international backlash they got last time around, because the global backdrop has changed so significantly. countries want the help the fed can deliver. >> juliet, thanks for that. that's what "worldwide exchange" is about. you're in new york, i'm in rio, kelly's in london. that's what this program is all about. we'll take a short break. as we do so, plenty more to come as we count down toward the fed decision later. meanwhile let's remind you where u.s. futures are trading. optionsxpress, where you can trade your favorite products, all in one account. keep watch
>> i think in this environment the dollar is pretty well supported. i think as the fed takes action and as the economy takes traction through the year, we'll see some support fade and the dollar should fade. it's interesting, you're talking to the brazilian central bank. it was brazil that accused the fed of engaging in wars with quantitative easing. what we've seen in the foreign exchange market suggests that tension, that pressure has eased on the fed. they're not likely to get the kind...
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Jun 5, 2012
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normally in this environment you would see something like the dow transports take off on the stronger dollar and lower fuel prices. that hasn't happened. i think that's a cautionary sign. >> are we in a recession? michael thinks bill clinton is a good forecaster. you think we're in a recession? >> i think no, but we get precariously close. we are getting close to stall speed. >> 2% growth is really -- anything goes wrong, you're in a heap of trouble. >> it takes one little blip to have things go wrong. >> we need faster growth to get this stock market growing. >> absolutely. the national income account shows profits from current production actually fell in quarters and profits are the mother's milk of recovery. that's a bad sign. >> very good, fellows. thanks. that's it for tonight's show. special programming note for tomorrow, my exclusive interviews, we have former florida governor jeb bush and world bank president, robert zoellick. thanks for watching. i'm larry kudlow. see you tomorrow evening. [ male announcer ] at scottrade, we believe the more you know, the better you trade. so
normally in this environment you would see something like the dow transports take off on the stronger dollar and lower fuel prices. that hasn't happened. i think that's a cautionary sign. >> are we in a recession? michael thinks bill clinton is a good forecaster. you think we're in a recession? >> i think no, but we get precariously close. we are getting close to stall speed. >> 2% growth is really -- anything goes wrong, you're in a heap of trouble. >> it takes one...
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Jul 3, 2012
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years we do have the potential that stock returns can still get us between 7% and 9% in that type of environment. when sentiment is so washed out that gets me more positive for that negative septemberment just near term headwinds from the ism index. >> i have to ask about jpmorgan. >> yes. >> see how the libor price fixing scandal unfolded and bob diamond stepped down, is it concern of spreading to that bank, as well? >> with jpmorgan as i mentioned, here's where the positives are. the securities business is growing. commercial banking is growing. asset management is growing. mortgage businesses is continuing to grow as is the credit card business. all of that ultimately will overwhelm the headlines of the big whale trade whether it's a $2 billion loss or something larger than that. at a dividend yield, twice that of the u.s. treasure. >> but can it outweigh the big whale trade plus involvement in libor fixing? >> i think it can. >> okay. >> it's value to the investor along with maybe safer names like mylin labs and revenue growth at others. i think it oes time for the patient investor to be buy
years we do have the potential that stock returns can still get us between 7% and 9% in that type of environment. when sentiment is so washed out that gets me more positive for that negative septemberment just near term headwinds from the ism index. >> i have to ask about jpmorgan. >> yes. >> see how the libor price fixing scandal unfolded and bob diamond stepped down, is it concern of spreading to that bank, as well? >> with jpmorgan as i mentioned, here's where the...
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Oct 19, 2012
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talked about a challenging environment. so the bottom line here, flat so far for q 3 earnings, but nothing really moved on these numbers today. and we'll talk to three guys down here on the floor 25 years ago and they will reminisce with me at 10:30 eastern time. >> thank you, both. >> you want to bring art back in? >> yeah, bob was talking about what happened that day, it took three days for some people to find out how bad the damage was. >> in those days it was five days for the ultimate clerns. and when the day ended, after you put your records together, you would worry because it was all verbal trading. i look in your eye and you said i sold 50 million, and you said take it. so you had to worry that the person on the other side of the trade didn't go broke and could still live up to whatever that trade was. so a very, very difficult time. >> you went through 1987, and 2008 and 2009, what was scarier? >> probably 2008 because it was for a more extended period of time. it just kept coming back again and again. it did look
talked about a challenging environment. so the bottom line here, flat so far for q 3 earnings, but nothing really moved on these numbers today. and we'll talk to three guys down here on the floor 25 years ago and they will reminisce with me at 10:30 eastern time. >> thank you, both. >> you want to bring art back in? >> yeah, bob was talking about what happened that day, it took three days for some people to find out how bad the damage was. >> in those days it was five...
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Aug 10, 2012
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>> that's a very important point and it is a most challenging environment for insurance companies. typically, we like to look at the yield curve and we like rates to be on a high level. there are two things that are important. one, you have to write new business profitably, so we have repriced quite aggressively our products so that they are profitable in the new low-rate environment. then you have to protect the value of your enforce, so the existing book, so that the low interest rates don't damage you too much. >> but how much pricing power do you have, especially in developed markets like the u.s. and europe? >> we have pricing power. we can direct through the commissions, through control of our distribution what kind of products we sell and what products in a future selling environment like this one is quite different than five or six years ago. >> where is demand strongest? >> in asia, there is no doubt, because we sell health and protection products, and that's where we make our money, and as the middle class develops, their appetite to protect their assets, their family, th
>> that's a very important point and it is a most challenging environment for insurance companies. typically, we like to look at the yield curve and we like rates to be on a high level. there are two things that are important. one, you have to write new business profitably, so we have repriced quite aggressively our products so that they are profitable in the new low-rate environment. then you have to protect the value of your enforce, so the existing book, so that the low interest rates...
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Jun 15, 2012
06/12
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an intense environment between the to countriy ies right now. back to you. >>> coca-cola helenik has been downgraded by mood y's. and angela merkel says considerations to mutualized debt is in the interest of some market participants but would move germany to mediocrity. they wanted the european court of justice to reject national budget proposals, others did not, namely france. angela merkel says the national banking supervision has not stood the test. the ecb could be an alternative and europe should start sticking to its promises. which goes back to the discussion, apg you have to giv sovereign control. >>> we will be in the bond pits in chicago for the preview of the day ahead in the u.s. . >>> quite a bit on the u.s. agenda. may industrial production will come out at 9:15 eastern. it's forecast to rise 0.1%. and then the june consumer sentiment, that will be down about a point from last month. u.s. futures at this early hour are indicating a more positive start. currently caught up 70 points higher on the dow. the nasdaq is over 30 points h
an intense environment between the to countriy ies right now. back to you. >>> coca-cola helenik has been downgraded by mood y's. and angela merkel says considerations to mutualized debt is in the interest of some market participants but would move germany to mediocrity. they wanted the european court of justice to reject national budget proposals, others did not, namely france. angela merkel says the national banking supervision has not stood the test. the ecb could be an alternative...
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Jun 8, 2012
06/12
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how much more connect and environment will it be? >> certainly there is now the need for additional capitalization and in addition to the $60 billion headline figure you've cited, there's also an additional potential surcharge that the fed is thinking of putting on the largest banks. so doesn't come at a great time in terms of the stock market, but they can come up where that capital because the regulations aren't required this year or next year, they have some timeo show. fitch has slashed its credit rating for spain by three notches. it says it reflects expectations are likely to be higher than forecast and that madrid will need eu assistance. for more, stay tuned because at around 11:20 c chlt techlt, we'll be speaking to doug has renwick at fitch ratings. >> and just hour after the downgrade, the twitter users began to voice hair anxio their. the top trending phrase was stop merkel. so that merkel because her actions have already condemned greece in portugal. and we have our dignity as a people, don't take that away from us. what
how much more connect and environment will it be? >> certainly there is now the need for additional capitalization and in addition to the $60 billion headline figure you've cited, there's also an additional potential surcharge that the fed is thinking of putting on the largest banks. so doesn't come at a great time in terms of the stock market, but they can come up where that capital because the regulations aren't required this year or next year, they have some timeo show. fitch has...
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Nov 6, 2012
11/12
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>> i think the general environment will have an impact. i think that the tone of the top will have an impact. i think my personal feeling, the biggest impact for the kind of companies i'm in are what happens for advertising expenditures. i think advertising and advertising -- >> you talked about immigration policy as well. >> sorry, thank you, thank you. immigration policy is getting the kind of people, everyone is frustrated with the idea of people being trained in this country, and then being forced to leave afterwards. >> do you think that -- >> that would have a big impact. >> if obama were to win do you think you'd get a change on that policy? >> i think it almost has to come. >> do you think if romney wins he gets a change in the policy? >> i think it almost has to come. there's such a dramatic need for talented young people. i forget the nun of hundreds of thousands. it's over 100,000 people who are trained, get their degrees and then are forced to leave the country. >> that's a stupid policy. >> it's crazy. >> absolutely. no, it is
>> i think the general environment will have an impact. i think that the tone of the top will have an impact. i think my personal feeling, the biggest impact for the kind of companies i'm in are what happens for advertising expenditures. i think advertising and advertising -- >> you talked about immigration policy as well. >> sorry, thank you, thank you. immigration policy is getting the kind of people, everyone is frustrated with the idea of people being trained in this...
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Jul 13, 2012
07/12
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how are investors best set to make money in this environment? >> well, they certainly will not make money if they stay out of the markets. they certainly will not make money from cash or bank deposits. and they'll make very little from developed markets sovereign bonds. so they really need to be moving up the risk spectrum if they're too risk averse to consider for the longer term, then there's still many good opportunities in reits, multiincome strategies in emerging market debt or corporate credit. so those are the areas i think they should be looking at. but as i say, if they stay out of the markets, they will get a zero return. we've had a lot of bad news. investor sentiment is lightly positioned. and the leading indicators are turning up a little bit. so i would favor incrementally taking risk. that would be my advice at this point. >> geoff, what would be the catalyst to increase that risk that you think investors should be starting to get back into? maybe data points or moment in time that you think we should be paying close attention to?
how are investors best set to make money in this environment? >> well, they certainly will not make money if they stay out of the markets. they certainly will not make money from cash or bank deposits. and they'll make very little from developed markets sovereign bonds. so they really need to be moving up the risk spectrum if they're too risk averse to consider for the longer term, then there's still many good opportunities in reits, multiincome strategies in emerging market debt or...
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Dec 22, 2012
12/12
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. >> well, i'm a catholic and i was raised in a pretty strong faith environment with my family. and i certainly had this at my school. and i don't disagree with you. i think it's all sorts of things, larry. it's the lack of parental guidance, as well. i think it's the breakdown of the social fabric of the family in america and many other countries. but the particular problem for america, which no other country that has the video -- britain has mental health issues, britain has the same videos, the same hollywood movies, britain has all the social problems that america has albeit on a smaller scale. the one thing we don't have is guns. there are no assault weapons allowed for civilians. and guess what? we don't get mass shootings ever. >> you're not against handguns or rifles. >> no, absolutely not. and i fully respect the second amendment and the right to bear arms and defend yourselves. if a father or mother in a house wants to have a handgun or a pistol to defend themselves against an intruder, that is fine by me. i respect your second amendment, but nobody can tell me you nee
. >> well, i'm a catholic and i was raised in a pretty strong faith environment with my family. and i certainly had this at my school. and i don't disagree with you. i think it's all sorts of things, larry. it's the lack of parental guidance, as well. i think it's the breakdown of the social fabric of the family in america and many other countries. but the particular problem for america, which no other country that has the video -- britain has mental health issues, britain has the same...
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Aug 13, 2012
08/12
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>> i think we are making the right noises, but i think the investors, especially given the global environment, i think they want to see more action on the ground. they want to see things actually getting delivered. and they want to see, you know, some of these ideas which we were talking about actually coming into fruition and so i believe it's going to take at least until the end of this year, you know, until we actually are able to deliver on some of these and hopefully then and hopefully by then the global environment will also help because it's not -- you know, we're getting affected by the fact that international investors are very cautious. >> so what's your own view of india? as we heard there, so many of india's policy are challenging. >> in theory, there's always something to be positive about and then you visit. it takes three hours to get to the airport and you carry out the infrastructure and all of a sudden it becomes very pressing. i think we're still at the stage where talented indians look overseas for career. and that's quite telling of an issue in terms of development. >>> m
>> i think we are making the right noises, but i think the investors, especially given the global environment, i think they want to see more action on the ground. they want to see things actually getting delivered. and they want to see, you know, some of these ideas which we were talking about actually coming into fruition and so i believe it's going to take at least until the end of this year, you know, until we actually are able to deliver on some of these and hopefully then and...